Tour v440
TLT
iShares 20+ Year Treasury Bond ETF
$83.96 +0.25%
(7/28 10:00) ◀
|
Tuesday, July 28, 2026 (11:00am)
January 2026
|
▶ (7/28 12:00)
◀ 7/28 11:00 ▶

Option Volume

Detail
ℹ
Current (07/28 11:00am) 109,438
Calls: 82,362 (75%)
Puts: 27,076 (25%)
Prior (07/27) 127,730
Calls: 89,709 (70%)
Puts: 38,021 (30%)
Current vs Prior -14.32%
Calls: -8.19% (Calls)
Puts: -28.79% (Puts)
Prior 7-Day Total 2,171,832
Calls: 1,494,436 (69%)
Puts: 677,396 (31%)
Prior 7-Day Average 310,261
Calls: 213,490 (69%)
Puts: 96,770 (31%)
Current vs Prior 7-Day Avg -64.73%
Calls: -61.42%
Puts: -72.02%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/28 11:00am) $5.12M
Calls: $4.33M (85%)
Puts: $790.8K (15%)
Prior (07/27) $6.72M
Calls: $4.52M (67%)
Puts: $2.19M (33%)
Current vs Prior -23.76%
Calls: -4.29%
Puts: -63.93%
Prior 7-Day Total $252.18M
Calls: $213.25M (85%)
Puts: $38.93M (15%)
Prior 7-Day Average $36.03M
Calls: $30.46M (85%)
Puts: $5.56M (15%)
Current vs Prior 7-Day Avg -85.79%
Calls: -85.79%
Puts: -85.78%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/28 11:00am) 0.33
Prior (07/27) 0.42
Current vs Prior -22.43%
Prior 7-Day Average 0.51
Current vs Prior 7-Day Avg -35.95%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (07/28 11:00am) 1,976,544
Calls: 1,217,029 (62%)
Puts: 759,515 (38%)
Prior (07/27) 1,886,989
Calls: 1,123,296 (60%)
Puts: 763,693 (40%)
Current vs Prior +4.75%
Prior 7-Day Total 13,381,911
Calls: 8,225,685 (61%)
Puts: 5,156,226 (39%)
Prior 7-Day Average 1,911,701
Calls: 1,175,097 (61%)
Puts: 736,603 (39%)
Current vs Prior 7-Day Avg +3.39%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/29) | Next (07/31)Expiry (07/31) | Next (08/07)Expiry (08/21) | Next (09/18)
Current 0.95% | 1.26%1.26% | 1.74%2.32% | 3.66%
Prior 0.98% | 1.27%1.27% | 1.79%2.39% | 3.74%
Current vs Prior -2.68% | -0.25%-0.25% | -2.91%-2.75% | -2.16%
Prior 7-Day Avg 0.88% | 1.10%0.96% | 1.57%2.02% | 3.61%
Current vs 7-Day Avg +8.84% | +15.07%+31.37% | +11.10%+14.84% | +1.30%
Prior 7-Day Eod 0.98% | 1.27%1.27% | 1.80%2.39% | 3.74%
Current vs 7-Day Eod -2.68% | -0.25%-0.25% | -3.56%-2.75% | -2.16%
Sentiment BULLISHBULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 5.63% | 2.80%
Calls: 7.27% | 2.90%
Puts: 4.00% | 2.70%
Prior 2.44% | 1.89%
Calls: 2.44% | 1.82%
Puts: 2.44% | 1.96%
Current vs Prior +130.74% | +48.15%
Prior 7-Day Avg 9.17% | 10.87%
Calls: 9.51% | 8.07%
Puts: 8.83% | 13.68%
Current vs 7-Day Avg -38.62% | -74.24%
Liquidity Good
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🤖 AI Insights

Strong bullish conviction with 85% of dollar volume in calls ($4.33M) vs puts ($790.8K). Extreme bullish P/C ratio of 0.33 - heavy call buying (82,362 calls vs 27,076 puts). P/C ratio dropping 22% - sentiment shifting bullish. Call-heavy open interest (1,217,029 calls vs 759,515 puts) suggests bullish positioning.

Smart Money BULLISH
Retail Flow BULLISH
Overall BULLISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BULLISH
7-Day Avg BULLISH
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current NEUTRAL
Prior BULLISH
7-Day Avg BULLISH
Sentiment Timeline (Today)
TimeSmart MoneyRetailOverall
11:00BULLISHBULLISHBULLISH
10:00BULLISHBULLISHBULLISH

📈 Options Analysis

🎯 Tightest Spreads
💰 Best Value Under $1
📊 High Delta (ITM)
🔥 High Volume
⏰ Backwardation
📈 Debit Spreads
📉 Credit Spreads
📅 Calendar Spreads
⚡ Straddles
🔀 Strangles
🦅 Iron Condors
🦋 Butterflies
⚖️ Ratio Spreads
🛡️ Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 301 of results (avg 3.2%, best 0.7%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$70.00Jul 3113.9514.05$14.000.7%--1.0042
$83.00Aug 141.231.24$1.230.8%1980.72379
$72.00Aug 311.9512.05$12.000.8%--1.0047
$83.00Aug 121.181.19$1.190.8%740.74--
$82.00Sep 42.282.30$2.290.9%--0.8350
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$93.00Aug 149.259.35$9.301.1%20.9941
$85.00Sep 41.831.85$1.841.1%--0.69131
$84.00Aug 210.900.91$0.911.1%7250.5550.0K
$84.00Aug 140.810.82$0.821.2%1250.562.0K
$84.50Sep 41.501.52$1.511.3%--0.6318

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 148 found (avg $0.31, cheapest $0.06)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$87.00Aug 120.050.06$0.0616.7%370.06--
$87.50Aug 140.050.06$0.0616.7%20.067.9K
$88.50Aug 210.050.06$0.0616.7%--0.05175
$89.00Aug 280.050.06$0.0616.7%20.04448
$89.50Aug 280.050.06$0.0616.7%100.04564
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$81.00Aug 100.050.06$0.0616.7%2280.07408
$80.50Aug 140.050.06$0.0616.7%--0.06447
$79.00Aug 280.050.06$0.0616.7%--0.05620
$78.00Sep 40.050.06$0.0616.7%--0.04326
$81.50Aug 70.060.07$0.0714.3%10.09868

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 216 found (avg delta 0.90, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$72.00Aug 311.9512.05$12.000.8%--1.0047
$73.00Aug 310.9511.05$11.000.9%--1.0061
$74.00Aug 39.9510.05$10.001.0%--1.0029
$75.00Aug 38.959.05$9.001.1%--1.0048
$76.00Aug 37.958.10$8.031.9%--1.0041
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$87.50Jul 313.503.60$3.552.8%--1.0010
$95.00Aug 711.2011.40$11.301.8%--0.9910
$92.50Aug 78.708.90$8.802.3%--0.9911
$93.00Aug 79.209.40$9.302.2%--0.9949
$93.50Aug 79.709.90$9.802.0%--0.9979

Most actively traded options today. High liquidity = easy entry/exit. 290 active (total vol 109.4K, top 14.1K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$84.00Jul 290.220.23$0.234.3%14.1K0.488.9K
$85.00Jul 310.070.08$0.0812.5%11.4K0.1518.5K
$84.50Jul 310.170.18$0.185.6%10.4K0.2910.2K
$84.00Aug 280.910.92$0.921.1%5.7K0.467.5K
$87.00Aug 210.090.10$0.1010.0%5.5K0.0946.3K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$83.50Jul 290.070.08$0.0812.5%9.3K0.224.2K
$84.00Jul 310.360.37$0.372.7%5.2K0.5113.9K
$80.00Aug 120.040.05$0.0520.0%1.4K0.05--
$84.00Aug 50.630.65$0.643.1%8560.58558
$82.50Aug 210.340.35$0.352.9%7740.284.9K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 73 strikes (avg 141.2%, max 359.6%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$75.00Jul 29Aug 2175.2%16.4%359.6%23113
$74.00Jul 29Aug 2183.1%18.1%358.1%32331
$73.00Jul 29Aug 2191.2%20.0%356.9%13168
$72.00Jul 29Aug 2199.3%21.8%355.9%12798
$71.00Jul 29Aug 21107.4%23.6%355.1%115105
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$79.00Jul 29Sep 443.4%11.2%286.4%25429
$80.00Jul 29Sep 435.4%10.5%235.9%11.9K
$70.00Jul 31Aug 2871.2%22.4%217.5%--645
$80.50Jul 29Sep 431.4%10.1%210.0%314.6K
$75.00Jul 31Aug 2846.3%16.4%181.8%--163

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 77 found (best R:R 6.69, avg 1.77)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$85.00$86.00Aug 12$0.13$0.87$0.136.69$85.13
$84.50$85.00Aug 5$0.10$0.40$0.104.00$84.60
$85.00$85.50Aug 14$0.10$0.40$0.104.00$85.10
$85.50$86.00Aug 28$0.11$0.39$0.113.55$85.61
$85.50$86.00Sep 4$0.11$0.39$0.113.55$85.61
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$83.00$82.00Aug 12$0.20$0.80$0.204.00$82.80
$83.00$82.50Aug 7$0.11$0.39$0.113.55$82.89
$83.00$82.50Aug 10$0.11$0.39$0.113.55$82.89
$82.50$82.00Aug 21$0.11$0.39$0.113.55$82.39
$82.00$81.50Sep 4$0.11$0.39$0.113.55$81.89

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 100 found (best R:R 9.71, avg 1.52)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$81.50$83.00Aug 10$1.36$1.36$0.149.71$82.86
$82.00$83.00Aug 12$0.86$0.86$0.146.14$82.86
$82.50$83.00Aug 14$0.40$0.40$0.104.00$82.90
$82.00$82.50Aug 21$0.40$0.40$0.104.00$82.40
$83.00$83.50Jul 31$0.39$0.39$0.113.55$83.39
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$87.50$86.00Sep 4$1.36$1.36$0.149.71$86.14
$85.50$85.00Aug 21$0.40$0.40$0.104.00$85.10
$85.00$84.50Aug 10$0.39$0.39$0.113.55$84.61
$86.00$85.00Sep 4$0.77$0.77$0.233.35$85.23
$85.00$84.50Aug 14$0.38$0.38$0.123.17$84.62

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 14 found (avg debit $0.15, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$85.00Jul 29Jul 31$0.0514.8%12.3%
$82.50Jul 29Jul 31$0.0617.8%14.1%
$83.00Jul 29Jul 31$0.0814.3%12.7%
$84.50Jul 29Jul 31$0.1112.6%12.0%
$83.50Jul 29Jul 31$0.1412.5%11.7%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$83.00Jul 29Jul 31$0.0614.3%12.7%
$84.50Jul 29Jul 31$0.0812.6%12.0%
$83.50Jul 29Jul 31$0.1012.5%11.7%
$84.00Jul 29Jul 31$0.1212.4%11.3%
$87.50Jul 31Aug 7$0.2818.7%15.2%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 197 found (cheapest 0.57% of stock, avg 4.64%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$84.00Jul 29$0.23$0.25$0.48$83.52$84.480.57%
$83.50Jul 29$0.55$0.08$0.63$82.87$84.130.75%
$84.50Jul 29$0.07$0.60$0.67$83.83$85.170.80%
$84.00Jul 31$0.38$0.37$0.75$83.25$84.750.89%
$84.50Jul 31$0.18$0.68$0.86$83.64$85.361.02%
$83.50Jul 31$0.69$0.18$0.87$82.63$84.371.04%
$84.00Aug 3$0.38$0.57$0.95$83.05$84.951.13%
$83.50Aug 3$0.69$0.33$1.02$82.48$84.521.21%
$83.00Jul 29$1.00$0.03$1.03$81.97$84.031.23%
$84.00Aug 5$0.41$0.64$1.05$82.95$85.051.25%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 221 found (cheapest 0.07% of stock, avg 0.72%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$85.00$83.00Jul 29$0.03$0.03$0.06$82.94$85.06
$84.50$83.00Jul 29$0.07$0.03$0.10$82.90$84.60
$85.50$82.50Jul 31$0.05$0.05$0.10$82.40$85.60
$85.50$82.00Aug 3$0.05$0.05$0.10$81.90$85.60
$86.00$81.50Aug 5$0.05$0.05$0.10$81.40$86.10
$85.00$83.50Jul 29$0.03$0.08$0.11$83.39$85.11
$85.50$81.50Aug 5$0.07$0.05$0.12$81.38$85.62
$85.00$82.50Jul 31$0.08$0.05$0.13$82.37$85.13
$86.00$82.00Aug 5$0.05$0.08$0.13$81.87$86.13
$87.00$81.00Aug 12$0.06$0.07$0.13$80.87$87.13

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 26 found (best R:R 4.00, avg credit $0.35)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
82/8284/84Sep 4$0.40$0.104.00$82.10$83.90
83/8484/85Sep 4$0.40$0.104.00$83.10$84.90
82/8284/84Aug 28$0.39$0.113.55$82.11$83.89
84/8485/86Sep 4$0.39$0.113.55$83.61$85.39
82/8284/84Sep 4$0.38$0.123.17$81.62$83.88
83/8484/84Aug 10$0.37$0.132.85$83.13$84.37
84/8484/85Aug 10$0.37$0.132.85$83.63$84.87
82/8384/84Aug 28$0.37$0.132.85$82.63$84.37
82/8384/85Sep 4$0.37$0.132.85$82.63$84.87
83/8484/84Aug 5$0.36$0.142.57$83.14$84.36

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 76 found (best R:R 19.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$75.00$76.00$77.00Aug 14$0.05$0.9519.00
$85.00$86.00$87.00Aug 12$0.09$0.9110.11
$84.50$85.00$85.50Aug 5$0.05$0.459.00
$81.50$82.00$82.50Aug 21$0.05$0.459.00
$83.50$84.00$84.50Aug 21$0.05$0.459.00
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$80.00$81.00$82.00Aug 12$0.06$0.9415.67
$84.50$85.00$85.50Aug 5$0.05$0.459.00
$82.00$82.50$83.00Aug 14$0.05$0.459.00
$83.50$84.00$84.50Aug 14$0.05$0.459.00
$83.00$83.50$84.00Aug 21$0.05$0.459.00

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 128 found (best net $--, 118 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$96.00$100.001:2Aug 28$0.00$4.00
$96.00$100.001:2Aug 14-$0.01$3.99
$97.00$100.001:2Jul 31-$0.01$2.99
$97.00$100.001:2Aug 7-$0.01$2.99
$89.00$91.001:2Aug 12-$0.01$1.99
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$75.00$70.001:2Aug 28$0.00$5.00
$75.00$70.001:2Jul 31-$0.01$4.99
$75.00$70.001:2Aug 7-$0.01$4.99
$75.00$70.001:2Aug 14-$0.01$4.99
$77.00$75.001:2Jul 31-$0.01$1.99

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 62 found (best yield 1.16%, avg 0.32%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$84.00Sep 4$0.970.450.1%1.16%1.20%12381
$84.00Aug 28$0.910.460.1%1.08%1.13%5.7K7.5K
$84.00Aug 21$0.760.460.1%0.91%0.95%1.1K33.5K
$84.50Sep 4$0.740.380.6%0.88%1.52%7863
$84.50Aug 28$0.680.390.6%0.81%1.45%1.0K8.2K
$84.00Aug 14$0.620.450.1%0.74%0.79%474.0K
$84.00Aug 12$0.560.450.1%0.67%0.71%30--
$85.00Sep 4$0.560.311.2%0.67%1.91%27382
$84.50Aug 21$0.540.360.6%0.64%1.29%2331.5K
$85.00Aug 28$0.500.311.2%0.60%1.83%143949

Current 5-Minute Volume Snapshots

Time (HH:MM) Total Volume Call Volume Put Volume Volume Change
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Prior's 5-Minute Volume Snapshots

Time (HH:MM) Total Volume Call Volume Put Volume Volume Change
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Current Put/Call Breakdown

Total Calls 82,362
Total Puts 27,076
Put/Call Ratio 0.33
Net Difference 55,286

Prior's Put/Call Breakdown

Total Calls 89,709
Total Puts 38,021
Put/Call Ratio 0.42
Net Difference 51,688

Prior 7-Day Put/Call Summary

Total Calls 1,494,436
Total Puts 677,396
Average Put/Call Ratio 0.51
Ratio Trend Falling

Daily Put/Call History (Last 7 Days)

Date Calls Puts Ratio Net Diff
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Upcoming Earnings - 2 Weeks Prior

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Upcoming Earnings - 1 Week Prior

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Earnings This Week

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Earnings - Day Before / Day After

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Options Activity Around Earnings

Ticker Earnings Date Days Away Call Volume Put Volume IV Rank
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Chart Title

Price — Past 7 Days

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